---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-26-000045"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:14:27.556504+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Robinhood announces $1.5B share repurchase program and upsizes credit facility to $3.25B

## Summary
- Board authorized new $1.5B share repurchase program, adding >$1.1B incremental capacity; management expects execution over ~3 years starting Q1 2026.
- RHS subsidiary entered into $3.25B 364-day senior secured revolving credit facility (up from $2.65B), with potential increase to $4.875B.
- Prior buyback program repurchased >25M shares at ~$45/share for total >$1.1B.
- Borrowings under credit facility bear interest at SOFR + margin (1.25% for Tranche A, 2.50% for Tranche B/C).
- Credit agreement includes minimum tangible net worth and excess net capital covenants; JPMorgan Chase is admin agent.

## SEC filing metadata
- accession: 0001783879-26-000045
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000045/0001783879-26-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000045/hood-20260320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-26-000045
- JSON: https://secwatch.observer/filing/0001783879-26-000045.json
- Plain text: https://secwatch.observer/filing/0001783879-26-000045.txt

## Key facts
- Material Agreements
  Robinhood Markets, Inc. amended Fifth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $3.25 billion (effective 2026-03-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $3.25 billion
  - Effective: 2026-03-20
  source text: Robinhood Securities, LLC (“RHS”), a subsidiary of Robinhood Markets, Inc. (the “Company” or “Robinhood”), entered into the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) among RHS, as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, amending and restating the $2.65 billion 364-day senior secured revolving credit facility entered into in March 2025 (the “2025 RHS Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000045/0001783879-26-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.